Event Details

A dollar is what I need." So sang Aloe Blacc in his 2010 hit I need a dollar.

But does the rest of the world really need the US dollar anymore?

Every so often an appetite surges for an alternative reserve currency—and an alternative market booms in predictions of the greenback's imminent demise. For nearly three-quarters of a century the dollar has at a global scale dominated trade, finance and the rainy-day reserve portfolios of central banks. Yet high inflation, fractious geopolitics and the sanctions imposed by America and its allies on countries such as Russia have lately caused dollar-doubters to become vocal once again.

Most recently it was Luiz Inácio Lula da Silva, Brazil's president, who on a recent visit to China called for emerging markets to trade using their own currencies. At the same time, a surging gold price and a fall in the dollar's share of global reserves has roused other naysayers, who can also point to the recent admission by Janet Yellen, America's treasury secretary, that over time using sanctions "could undermine the hegemony" of the currency.

However, the starting advantage of the dollar is immense. Between a third and a half of global trade is invoiced in dollars, it is involved in nearly 90% of foreign-exchange transactions; and about half of cross-border debt is dollar-denominated. It also still accounts for a 60% share of central-bank reserves. No other currency is close to matching this ecosystem's size, or its fundamental appeal: the supply of safe assets available to dollar investors.

What is increasingly clear, though, is that individual countries can circumvent the dominant system if they really want to. And many do want to. Many no longer want to need a dollar.

So join us, alongside regional economists and investment managers, to discuss the opportunities and risks of dedollarisation and its potential implications for the dollar-pegged, petrodollar-reliant economies of the Middle East.

Please note that this event is limited to senior-level executives and per invitation only. If you are not an existing member of The Economist Intelligence Corporate Network, but would like to learn how you can attend our events, please contact us.


  • Robert Willock (Director MENA & Regional General Manager of EICN)

    Robert Willock

    Director MENA & Regional General Manager of EICN

    Robert is the Director of the Economist Corporate Network based in Dubai and covering the MENA region. Robert works closely with network members to help inform their business strategies through political, economic and operational insight and to connect them with their senior leadership peers.

    Robert is a business journalist, editor and publisher with 25 years of experience covering a wide variety of sectors, including hospitality, retail, construction, energy and transport, and a particular interest in human capital management.

    He is an accomplished event chairman, moderator and speaker.

    Robert completed an MBA at the University of Leicester School of Business in 2012 and holds a Bachelor's degree from the University of Nottingham.

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  • Jeanne Walters (Senior Economist Global Markets and Treasury at Emirates NBD)

    Jeanne Walters

    Senior Economist Global Markets and Treasury at Emirates NBD

    Jeanne Walters joined Emirates NBD in 2022 as a senior economist, and works on the bank’s global macroeconomic coverage. Jeanne started her career at the South African Reserve Bank, before moving to the UK where she worked as an economist at the Bank of England for several years. Jeanne also has experience in consultancy both in South Africa and the Middle East. She holds an MSc in Economic Policy from University College London and an MCom in Econometrics from the University of Pretoria.

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  • Richard Boxshall (Partner and Chief Economist at PwC Middle East)

    Richard Boxshall

    Partner and Chief Economist at PwC Middle East

    Richard is a Partner and the Chief Economist at PwC Middle East, leading the Economics and Sustainability practice. He has 20 years’ of experience as a practicing economist, including ten years at HM Treasury (UK’s finance ministry), five years at PwC's Strategy& consulting practice in the UK and 6 years in the Middle East firm. Richard specializes in applying economic principles and analysis to shape government strategies and initiatives in the areas of macro, fiscal and economic policy.

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  • Ziad Daoud (Chief Emerging Market Economist at Bloomberg LP)

    Ziad Daoud

    Chief Emerging Market Economist at Bloomberg LP

    Ziad Daoud is the Chief Emerging Markets Economist at Bloomberg Economics. He leads a global team producing in-depth analysis of data and policies and their interaction with financial markets. Previously, he was the chief Middle East economist for Bloomberg, headed the economics team at QNB Group and worked as an economist at Fulcrum Asset Management. He holds a PhD in Economics from the London School of Economics and a BSc in Economics and statistics from University College London.

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  • CA Dhaval Jasani (Founder and CEO of ZTI Consulting)

    CA Dhaval Jasani

    Founder and CEO of ZTI Consulting

  • Mohamed Bechri (Macro-Financial Advisor at USAID)

    Mohamed Bechri

    Macro-Financial Advisor at USAID

    Mohamed Z. Bechri is currently Macro-Financial Advisor working on USAID project in post conflict areas in the MENA region. He is a former economics professor at the University of Tunisia. He served as Principal Economist at the Central Bank of the U.A.E. during 2001-2022, where he conducted policy-oriented research and was the Lead Author of "The U.A.E. MSMEs Business Survey Reports" for 2019 and 2020. He served also as an economist at the IMF's African Department in 1993-95. His main research focus is on monetary policy, institutions, and development.

    Mohamed Bechri holds a doctorate in Monetary Economics from La Sorbonne University in Paris and a PhD in Economics from the University of Southern California in the U.S.

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